REG - Altitude Group PLC - Grant of Options and PDMR Dealings

AltitudeAnnouncement

20/05/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240520:nRST0017Pa&default-theme=true

RNS Number : 0017P  Altitude Group PLC  20 May 2024

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Group's obligations under Article 17 of MAR.

Altitude Group plc

("Altitude", the "Company" or the "Group")

Grant of Options and PDMR Dealings

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for the
global promotional products industry, announces that on 17 May 2024 it granted
options over 2,675,000 over ordinary shares of 0.4p each ("Ordinary Shares")
in aggregate (the "Options"). The Options are exercisable at nil cost, and
included grants of 1,779,000 Options to certain directors of the Group as
follows:

·      Nichole Stella, Chief Executive Officer, has been issued Options
over 862,000 Ordinary Shares. Following the issue of these Options, Nichole
will be interested in options over 2,384,000 Ordinary Shares in total.

·      Graham Feltham, Chief Financial Officer, has been issued Options
over 530,000 Ordinary Shares. Following the issue of these Options, Graham
will be interested in options over 1,534,444 Ordinary Shares in total.

·      Deborah Wilkinson, Chief Operating Officer, has been issued
Options over 387,000 Ordinary Shares. Following the issue of these Options,
Deborah will be interested in options over 1,182,001 Ordinary Shares in total.

The Options will vest, subject to the achievement of certain performance
conditions, over a 3 year period from the date of grant, and will expire 1
year after the third anniversary of grant. Vesting of the Options is
conditional on the achievement of stretching earnings per share and total
shareholder return targets, and are only exercisable from the third
anniversary of the date of grant.

In aggregate the Options, when added to other employee options already in
existence, will result in employee options existing in relation to
approximately 10 per cent. of the issued share capital of the Company. Of
this, options over 7.9 per cent of the issued share capital of the Company are
at exercise prices well in excess of the current share price of the Company,
with exercise prices of between 46p and 105p.

For enquiries, please contact:

 Altitude Group plc                                           Via Zeus Capital

 Nichole Stella, Chief Executive Officer

 Graham Feltham, Chief Financial Officer

 Zeus (Nominated Adviser & Broker)                            Tel: 0203 829 5000

 Dan Bate / David Foreman / James Edis (Investment Banking)

 Dominic King (Corporate Broking)

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                     i)          Nichole Stella

                                               ii)         Graham Feltham

                                               iii)         Deborah Wilkinson
 2   Reason for the notification
 a)  Position/Status:                          i)          Chief Executive Officer

                                               ii)         Chief Financial Officer

                                               iii)         Chief Operating Officer
 b)  Initial Notification/Amendment:           Initial Notification

 3   Details of the issuer, emission allowance market participation, auction
     platform, auctioneer or auction monitor
 a)  Name:                                     Altitude Group plc
 b)  LEI:                                      213800VACSTYYSI39R89
 4.  Details of transaction(s); section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted.
 a)  Description of the financial instrument:  Ordinary shares of 0.4p

     Identification code:                      GB00B0LSFV82
 b)  Nature of the transaction:                Grant of Options

 c)  Price(s) and volume(s):                                         Price(s)              Volume(s)
     i)                                                              Nil                   862,000
     ii)                                                             Nil                   530,000
     iii)                                                            Nil                   387,000
 d)  Aggregated volume:                        See above

     Price:
 e)  Date of the Transaction:                  17 May 2024
 f)  Place of the Transaction:                 Off Market

4.

Details of transaction(s); section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted.

a)

Description of the financial instrument:

 

Identification code:

Ordinary shares of 0.4p

 

GB00B0LSFV82

b)

Nature of the transaction:

 

Grant of Options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

i)

Nil

862,000

ii)

Nil

530,000

iii)

Nil

387,000

d)

Aggregated volume:

Price:

See above

e)

Date of the Transaction:

17 May 2024

f)

Place of the Transaction:

Off Market

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHQKCBKCBKKQPD